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M and S Connection

Active
Private limited companyfounded 1998active for 28 yearsOudebaan 131, 3360 Bierbeek, BelgiumKBO/BCE: BE 0462.828.768
Summary

M and S Connection has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€308,561) and a net result of -€5,339. Equity has been stable since 2018 (±0% per year). Its solvency ranks better than 5% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

Source: KBO
Status
Active since 23-02-1998 Normal situation
Activity
Real estate appraisal on a fee or contract basis NACE 68322and 1 other
Joint committees
100 Aanvullend Paritair Comité voor de werklieden
201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2022
Establishment unit
2.247.236.315 3360 Bierbeek, since 01-07-2014
Financial year end
31 December
Peppol
Reachable since 08-04-2026

Board and ownership

Board
  • Michaux SabrinaDirector

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
-€4,361
▼ 19.4%
Loss
€5,339
▲ 7.2%
Equity
-€308,561
▼ 1.8%
Total assets
€34,246
▲ 11.9%
  • Negative equity on 31-12-2025
Turnover not published (micro format)
Filed on 29-07-2026, 2 days before the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€308,561Loss of €5,339, the second in a row (financial year 2025)lowers riskSize: total assets €34,246Founded in 1998Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 16% of micro companies in real estate (NACE 68)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -901.0% of total assets
Liquidity 19+19
short-term debt 1001.0% · cash 14.9%
Profitability 0=
return on assets -15.6%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,625 companies, NACE 68, micro)
Last 24 months 12-2024: 0.5% 01-2025: 0.4%▼ -0.1 percentage points vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025lowest value 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.7 percentage points vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.3%▲ +0.1 percentage points vs 03-2026 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.7%▼ -0.7 percentage points vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.09 in 2024), below 1. Cash is 14.9% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 15% on liquidity, 4% on profitability and 40% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €34,246
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€308,561
NBB · annual accounts
raises risk · Loss of €5,339, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 1998
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€308,561
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
22 days early
2023
30 days early
2022
33 days early
2021
34 days early
2020
4 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€308,561 View
  • Caution: Lower solvency than 95% of companies in real estatesector median 29.0% · 17,145 companies -901.0% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€5,339 View

Recent changes

  1. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as M and S Connection: real estate appraisal on a fee or contract basis (NACE 68322). They are comparable in size and age: total assets between €25,500 and €89,500, founded between 1991 and 2010.

CompanyTotal assetsGross margin
M and S Connection Bierbeek€34,246-€4,361
LUX DEVELOPMENT & TECHNOLOGY Verviers€25,537-€2,983
iMORFOSE Brasschaat€60,501-€12,264
IDK. Isabelle DUCULOT-KLINKENBERG Liège€59,883-€314
HIZZ Retie€69,019-€4,690
AT-CO & PARTENAIRES Gesves€42,931-€22,322
ELGETRIM Verviers€89,466-€1,747
Full comparison

Key facts about M and S Connection

What is the company number of M and S Connection?
The company number of M and S Connection is 0462.828.768. The VAT number is the same number with BE in front: BE 0462.828.768.
Where is M and S Connection based?
The registered office is at Oudebaan 131, 3360 Bierbeek.Company details
What does M and S Connection do?
According to the KBO register, the main activity is real estate appraisal on a fee or contract basis (NACE 68322).
What is the legal form of M and S Connection?
The legal form of M and S Connection is Private limited company (BV).
When was M and S Connection founded?
M and S Connection was founded on 23-02-1998.
Is M and S Connection still active?
Yes, M and S Connection is an active enterprise in the KBO register.
Which joint committee does M and S Connection fall under?
In its 2022 annual accounts, M and S Connection states joint committees 100 (Aanvullend Paritair Comité voor de werklieden) and 201 (Paritair Comité voor de zelfstandige kleinhandel).
What is the turnover of M and S Connection?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is M and S Connection profitable?
In financial year 2025, M and S Connection made a loss of €5,339.
Where can I find the annual accounts of M and S Connection?
M and S Connection filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of M and S Connection due?
M and S Connection must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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